A man invests 1200 for two years at compound interest. After one year the money amounts to 1275. Find the interest for second year correct to the nearest rupee
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Step-by-step explanation:
interest=1275-1200=75
rate=(75×100)/1200×1
=25/4
interest=1275×25/4×1/100
=31875/400
=79.6875
total interest=75+79.68
154.68
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